EMERGENCY: USDJPY

November 26th, 2009

WARNING: This is not a recommendation to buy, sell or hold any financial instrument.

Update: Dollar Hits 14-Year Low in 86 Yen Zone in Tokyo

Via: Kyodo:

The U.S. dollar hit a 14-year low in the upper 86 yen level early Thursday afternoon in Tokyo as it remained weak across the board on persistent speculation about the low U.S. interest rate policy.

—End Update—

Update: BOJ Will Try to Stop Yen Rise

These comments came out before the last several minutes of trading shown below:

Via: Bloomberg:

Fujii Says Need to Take Action on Abnormal Yen Moves

By Kyoko Shimodoi

Nov. 26 (Bloomberg) — Japanese Finance Minister Hirohisa Fujii said the government needs to take action on abnormal currency movements after the yen traded close to a 14-year high against the dollar.

“I am watching these movements, right now it’s time to watch them closely,” he told reporters in Tokyo today. “We need to take appropriate action against abnormal movements.”

The yen traded at 87.24 per dollar at 12:10 p.m. in Tokyo. It earlier strengthened to 87.19, the highest since Jan. 21, when it touched 87.13.

—End Update—

And then…

USDJPY 20 Second Interval

USDJPY 20 Second Interval

Posted in Collapse, Economy | Top Of Page

One Response to “EMERGENCY: USDJPY”

  1. tochigi says:
    November 26, 2009 at 11:56 am

    sit tight.
    this is going to be a rough ride.
    currency wars, part XLIII

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